Member Info for BradSmith

For the purpose of making 3 trades in April so I get IG frequent trader rate of £3 for May.
Tlou Energy Limited (LSE),Buy 5974 Shares @ 4.2

The last RNS included this line....
"Geographically, the Mamba Project area is approximately 50 Km closer to the Orapa Power station than the Lesedi Project area."

That begs the question, why is that significant?
50km saving on what? It has to be Gas pipe lines rather than electricity distribution which would be totally around the houses.

So Mamba will feed raw gas to both Orapa and to the generation facility towards Serowe?
Or is Orapa not in the equation so that line is a red herring?

Until I looked at the map I thought it was a brilliant idea to connect to the established Orapa grid geared at 220Kv to Seruli whilst saving save 50KM and moving further along the grid to Seruli.
But Serowe is so much closer to Lesedi (and we are committed to Serowe anyway I guess).

I thought both bidders were concentrating on CBM powered electricity , but is that true?
I'm comparing gas with electricity there - solar is a separate issue.

Orapa is long overdue 180Mw worth of CBM gas , so they can use all the gas we can produce for quite a while imho? I cannot remember gas pipe lines being mentioned for a few years , since the RFP - I am confused.com!

"

Buys at 9.4c and 9.5c - should close at 9.5c if no last minute sellers appear.

4.838p for the FTSE to chase? My ASX average is 9.59c - so close!

4.32p - 4.78p

On TV this was performed to the song "horse with no name"

A bit of light relief?

https://www.youtube.com/watch?v=WR1jEnCrCUc

Cheers Minor , "the Company will apply to the ASX for official quotation of the ordinary fully paid shares." , made it look like the future rather than history , i should have realised the restriction was enforced by means of an escrow agreement.

Thanks.

"restricted" means they cannot be traded within a certain period , usually 12 month or more likely 24 months, to stop the recipients from imediately profiteering from them.

10M would raise 450M shares to 460M ..... a tiny percentage increase.
I was worried about causing Tony some embarrassmet, because this link was not that public.

I don't think I quoted the text but gave this link to the document. I wondered who they were for -
I thought the small syndicate who helped TLOU out before, or staff incentives?

http://pdf.reuters.com/asxnews/asxnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20200406_nASXb0y8vL

6 April 2020
Tlou Energy Limited
("Tlou" or "the Company")
Tlou Energy Limited is an ASX, AIM and BSE listed company focused on generating cleaner power in Botswana for supply into the local and regional power markets.

RESTRICTED SECURITIES DUE FOR RELEASE FROM ESCROW

In accordance with ASX Listing Rule 3.10A, Tlou Energy Limited wishes to advise that the following restricted securities are due to be released from escrow on 6 April 2020 and following that date, the Company will apply to the ASX for official quotation of the ordinary fully paid shares.

10,000,000 ordinary fully paid shares

By Authority of the Board of Directors
Mr. Anthony Gilby
Managing Director

I rqueried the release of 10M shares to/from Escrow a couple of weeks ago.
Has that been resolved?

My eyesight ihas not recovered well after my fall, so I am looking for an optician who is open.

Found this which amused me ...

' Specsavers, which describes itself as the UK’s largest opticians and audiologist, said it would be suspending all routine testing “for the foreseeable future”. '

The funding is down to BDC who are locked down like everyone else in govt.
I cannot see the urgency tbh. It will be comforting to know absolutely that it is agreed , but once in place , TLOU are cannot do much - we are locked down more than the govt!

They could order generators, poles and wires I suppose and pay up front but they won't be delivered due to the lock down - and the funding will draw nearer to the day when we start having to repay it, with sfa coming in!

I believe TG is fairly content in what is a world crisis , and so am I.

Have been pondering the last couple of posts whilst shopping.
You might be both right.

I guess the PPA's for 2Mw and 10Mw will be worded the same with the volumes and prices and timings variable.
So it might weell be the interim PPA defines commercial as enough for 2Mw , and the same for the 10Mw , and the same for all following additional CBM extensions.

Damo, agree with your summary completely.

The reason for shutting them in is clearly because we don't really have a clue how long we will continue burning valuable gas. C-19 regulations are open ended it could stretch into years? Let's hope a vaccine is soon discovered for it.

I just love everything Tony does - he seems able to to get around every problem he is faced with.

I would not want to be the one who has to get him to buy his round at a pub though :O)

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www.**********.co.uk/rns/announcement/e727f949-5d28-4554-9be9-e74d76d07d89

( double u's x 3 dot ) .**********.co.uk/rns/announcement/e727f949-5d28-4554-9be9-e74d76d07d89

if this fails I give up - just had the the same problem posting woody's link on ADVFN!

Ok Chuk :O), we owe Donk one.

This link is very easy to read
****************************/rns/announcement/e727f949-5d28-4554-9be9-e74d76d07d89

I saw this on it ....

I never realised Selemo is 6 years old!
The project is significantly de-risked. The Company produced its first gas in 2014, has a Mining (or development) Licence valid to 2042 and 10 Prospecting (or exploration) Licences.

Ah! Just realised I have "Dark Reader on" - perhaps it suits it better!
If anybody is dazzled by light screens at night, Dark Reader is excellent and can be flicked on and off in an instant (on Firefox). Voluntary donations if you feel like paying for it.

From Stakeholder Presentation – Gaborone 30 October 2019

"Tlou has already obtained full environmental approval for 20 MW gas and 20MW solar power generation. With success, this would be a first for Botswana and unlock its vast solar potential. The Company believes that gas is absolutely vital for a successful solar power generation project in Botswana and our current wells are yielding encouraging results in this regard."

The PPA is for CBM power , there is a definite push towards solar worldwide, and at the recent conference on renewable energy Botswana voiced their support wholeheartedly. But CBM is not considered a renewable energy so it had no place there!

I had this argument recently about solar with another poster and, whilst we are definitely going to go down that route , solar needs complementing power overnight i.e. CBM. CBM is 24/7 and solar is not .... so unless there are compelling reasons to change course it ain't happening imho.

If solar installation is largely unskilled and the govt make installing solar a special case then maybe, if work on CBM is not possible.
BUT the priority for us is to produce the means of distributing electricity from site to Serowe (from either fuel) - so our task force might be better used on that?

My Wed 11:04 only appeared , along with Chukker's post, after I posted the link to ADVFN.
And then the RNS flag appeared too. I wondered where Chuk got that quote from?

The line I like in that report is this one :-

The project has been largely de-risked following the granting of the PPA.

That is what TLOU has wanted since Xmas, and they have achieved it.
Now we have a pandemic to contend with,
I saw this last night....

Botswana Entry and Exit Requirements

The Government of Botswana has banned entry of all individuals (except Batswana and Botswana residents) from entering Botswana.
Batswana and Botswana residents returning from high risk countries will be subjected to a 14-day mandatory quarantine at government-approved locations.
Individuals arriving in Botswana will be required to go directly to a government-approved facility with food and sanitation provided for their 14-day quarantine.
U.S. citizens placed into government-approved quarantine facilities should attempt to contact the U.S. Embassy in Gaborone at ConsularGaborone@state.govor the phone numbers listed on this website.

https://uk.advfn.com/stock-market/london/tlou-energy-TLOU/share-news/Tlou-Energy-Ltd-Operational-Report-Quarter-Endin/82238798

Does it mean someone gave somebody their share certificate?
So they'll ask the registrar to what? Change name and address of the bearer?
"without any exchange participation" - don't understand.

?? the link does not help me.

What does XOFF mean - IG Trading Support - Dealing ...
[Search domain community.ig.com/forums/topic/4985-what-does-xoff-mean/] https://community.ig.com/forums/topic/4985-what-does-xoff-mean/
The venue XOFF just means the trade was traded OFF a main exchange - probably over the counter between 2 parties without any exchange participation. XLON for example would mean traded from the London Stock. A useful for page for more codes and information.. ...